Citi Group analysts slashed their price target to zero… Read More Vacation Giant & Airline Thomas Cook Verges on Collapse
Like the mortgage crisis never happened.… Read More UK Banks Double Down on High-Risk Mortgage Products to Prop Up Housing Market
The world is heading toward another epic financial fall, says Nomi Prins. The question is not if, but when. … Read More Will Central Bank Policies Set off Another Global Financial Crisis?
Chinese corporate defaults this year through April are 3.4 times the amount last year.… Read More Perhaps It’s Time to Start Worrying About Global Corporate Debt, Suggests Bank of England
“Zombie firms,” kept alive by low interest rates, account for up to 14% of UK companies.… Read More Businesses in “Critical Distress” in UK, Bankruptcies Surge
More and more companies either choose not to invest in other countries or are prevented from doing so… Read More Global Foreign Direct Investment Flows Collapse
Critics are renewing attacks on the German giant’s investment banking division now that talks with Commerzbank have collapsed… Read More Deutsche Bank Has No ‘Plan B’
“The worst labor market” on the planet: unemployment exceeded 20% in three downturns over the past 35 years.… Read More Unemployment in Spain Still Miserably High Despite Six Years of Economic Growth
The continued existence of the Eurozone could be under threat… Read More Italy’s ‘Perma-recession’ Could Trigger a €2 Trillion Financial Crisis
The fate of the global economy rides on the answer.… Read More It’s 2016 All Over Again. Or Is It?
February was bad. Housing market weakness is now spreading out from London.… Read More London Home Prices Had Biggest Monthly Drop Since Lehman
According to Heiner Flassbeck, former head of UNCTAD, there are many factors pointing to a convergence in a normal cyclical downturn, deepening recession in Europe, complicated by a potential “no deal” Brexit… Read More Is Global Recession Looming?